Opinion: To rebuild the economy, America needs a new social contract
Many Americans have endured the most devastating economic downturn of their lives in the past six months.
The Trump administration’s handling of the coronavirus pandemic caused an acute economic crisis. The pandemic has cast a bright light on fissures and structural inequities: The housing affordability crisis is becoming an evictions crisis; Black unemployment, long twice that of white Americans, skyrocketed to nearly 15%; and women, especially women of color, have found their caregiving responsibilities have dramatically increased, potentially diminishing lifelong earning potential.
The above excerpt was originally published in MarketWatch. Click here to view the full article.
The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.
Executive Vice President, Policy